TAT full form stands for Turnaround Time that refers to the time interval from the start of a process to its completion.
To apprise in simple words, it is basically the time taken to complete a process or fulfil a request. For example: Better understand that it is the time from the submission of a request to its conclusion and delivery to the requester.
Generally, every process needs it’s time to get completed such as a repair or replacement of a component or equipment. It is an acronym that can come in use in multiple situations, as task completion is part of everyone’s life.
In addition, it is type of performance metric used by various companies as they can monitor the duration from the time a customer has placed an order to its completion and delivery on a monthly basis. Every company looks in keep putting efforts to minimize the turnaround time in order to increase efficiency and customer satisfaction. Metrics based on turnaround time can be developed for an activity with whose start time and end time can be measured.